Message:

<p>[QUOTE=&quot;desertgem, post: 1531764, member: 15199&quot;]I don&#039;t disagree with your example, I have often used a similar one, but I do think that the price of gold and silver is currently&nbsp; being driven by the relative value of fiat currency. Might it change in the future with world wars, uncontrollable worldwide disease or natural disaster, YES, of course. But I really can&#039;t&nbsp; see any thing affecting the PM prices today other than relative currency valuation. Even the latest diplomacy problem in the middle east caused only a minor blip. My thought is that if anyone is buying or selling PM now, it should be based on possible effects of political actions ( not to be discussed) within the country&#039;s currency. IMO.</p><p><br /></p><p>I realize that many will just look at the price of PM and decide they better jump in as tomorrow might be another $30-50 jump in gold. It might if the currencies react as today, but if not, many big holders will jump back out, and the price will decline. If it does enough, I may be a buyer, as my long term vision is for a higher price as I suspect the Euro and Middle east problems will continue, and the USD was relatively stable before QE3. </p><p><br /></p><p>I agree with your Graham quote.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in